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Earlier discussion
16 older comments kept for context.
Nazza
Answer is D
Happiness
Is d
Muhammad maryam
D is the correct answer
Dakurah Joseph
The answer is D
Mist Must
D is the answer
chizaram pharaoh
the answer is D
Folahan
The questions based on the reward of the factors of production
D is the correct answer..... The reward for land is rent,. The reward for capital is interest while the reward for labour is wages and salaries
Chizie Joseph
I'm confused about the question
Blessing Bassey
How?.
Muhammed Oyebanji
D is the answer
Adigun Abiola Nurudeen
Actually the question 1 somehow confusing because land, capital, labor are factors of production and wage and salaries are the rewards. I don't really known specific answer
Blessing Bassey
Well it seems you are confused with the question, but you don't have to be,just like you said land, labor, capital plus entrepreneur are factors of production, wages and salaries are the rewards,but they are only for labor as a factor of production.
The reward for capital is interest, land is rent,and entrepreneurship is profit. hope this clarifies the doubt, but I recommend you go through the topic again for further clarity.
okunola
D
Oluwaseun Adeyemi
Factors of production is an economic term that describes the inputs used in the production of goods or services in order to make an economic profit. They include any resource needed for the creation of a good or service. The factors of production include land, labor, capital and entrepreneurship. These production factors are also known as management, machines, materials and labor, and knowledge has recently been talked about as a potential new factor of production.
precious
why d the answer
Titilayo Adesanya
cause they are factors of producion and their rewards are rent interest and wages